Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1887-09-13
THE CHINESE CONCESSION.
1t Will Throw the Celestial Empire
Open to American Commerce and
Enterprise.


Open to American Commerce and
Enterprise.
Portland oregonian.l
Whatever the empire of China does
in the way of advancing civilization
is of the deepest interest to the civ
ilized world. With vast population,
an immense and increasing export and
import trade, the prosperity of China
and its advance to the possession of
all the modern conveniences of the
highest commercial civilization means
money in the pockets of the civilized
world, and especially in the pockets
of the United States, if it has the
wit to utilize its opportunity.
1t is reported that China has grant.
ed to American capitalists the railway
and telephone concessions which Eu-
ropean syndicates have been seeking
for several years. A Philadelphia
syndicate, headed by Wharton Bar
ker, will establish an international
bank with a capital of 50,0O0,0o0
taels, to be supplied by American and
Chinese capitalists. This bank will
be established in all the great CON-
mercial cities of China and will have
branches in all the leading foreign
cities. 1t will manage the finances
Of the empire, coin money, construct
railways, telephones and canals, build
forts, srsenals, navies, ETC.; it will as.
sumo charge of China's existing tele-
graph lines and have the exclusive
right for so years to operate all tele
phones built.
1t this report prove true, a vast
market for American iron and steel
will be created in the construction of
these great public works, and also Il
market for silver, which is the stand
ard CT value in China. This import
ant concession is extended to Ameri-
ca through the influence of Ii Hung
Chang, the great statesman, whose
abilities made profound impression
on General Grant, and who is one OF
the four members Of the supre me
council of China. Grants practical
eye quickly saw the vast benefits that
would accrue to American trade, if
China should once start on the same
path of progress that Japan has al
ready entered, under the auspices of
American influence, and it is safe to
say had be been President a third
term he would have used his intimate
acquaintance with and influence over
Ii Hung Chang with great service to
the United States. The Marquis
Tseng, the great Chinese diplomat, is
also II warm admirer OF America, and
has joined hands with Ii Hung
Chang to secure the extension Of these
extraordinary benefits to an American
rather than European syndicate
The English syndicate that has beer
scheming to secure these vast priv.
ileges is reported to be soreIy disap.
pointed, as it was of unimpeachable
financial credit and strength. The
London Standard voices their dlsap.
pointment as follows:
ave are on the eve of that regen-
Grafton of China which has long beer
anticipated, and about which The
only alteration is that instead of Eng
fish enterprise and capital hndin6 tn,
development of the middle kingdom
an easy spoil, we submit to endure
the keen, and, as it seems, the sue
cessful competition of other nations.
If this report be true, the com
mercial supremacy of the United
States in China is assured beyond
doubt, and in this event the who'll
Pacific coast IS sure to be benefited
China is already strong power. Sh'
has feet, commanded by an Eng
lish naval officer, that includes tw'
ironclads which carry heavier guns
steam three or four knots an hou
faster and have two inches more ar
NOR, with 700 tons less dlsplace men,
than our new cruisers the Boston O
Atlanta. She has already contracte'
l for the steel rails for the projecte
railroad from Pekin to Canton. Sh
has 700 miles of railway already lai
out, and has adopted and extende,
the telegraph; her navy aud arm
was strong enough to force France t
grant all honorable peace, and no,
Lii Hung Chang and his able associat
native statesmen aim to do for Chin
in Asia what Bismarck has done fo
Germany in Europe. They propos
r to consolidate the vast power and re
sources of China by railroads, so tina
supplies can be rapidly transporte
and the most distant portions of tn
| Il 81, A.